WBS (Webster Financial) Cyclically Adjusted PB Ratio: (As of Jul. 29, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

WBS Webster Financial Corp WBS
77 GF Score
Price $76.24
GF Value $57.60
Valuation Significantly Overvalued
! 8 Warning Signs
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What is Webster Financial Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Webster Financial  (NYSE:WBS) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Webster Financial Cyclically Adjusted PB Ratio Related Terms


Webster Financial Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Webster Financial's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Webster Financial Cyclically Adjusted PB Ratio Chart

Webster Financial Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.80 1.37 1.35 1.36 1.44

Webster Financial Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.28 1.37 1.44 1.54 0.00

WBS vs FHN, BPOP, UMBF: Cyclically Adjusted PB Ratio Comparison

For the Banks - Regional subindustry, Webster Financial's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Webster Financial Cyclically Adjusted PB Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Webster Financial's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Webster Financial's Cyclically Adjusted PB Ratio falls into.


WBS
77GF Score
Webster Financial Corp WBS
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Webster Financial Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Webster Financial's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Webster Financial's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=58.486/333.9520*333.9520
=58.486

Current CPI (Jun. 2026) = 333.9520.

Webster Financial Quarterly Data

Book Value per Share CPI Adj_Book
201609 26.101 241.428 36.104
201612 26.204 241.432 36.246
201703 26.501 243.801 36.300
201706 26.968 244.955 36.766
201709 27.374 246.819 37.038
201712 27.786 246.524 37.640
201803 27.983 249.554 37.447
201806 28.431 251.989 37.679
201809 28.989 252.439 38.350
201812 29.741 251.233 39.533
201903 30.641 254.202 40.254
201906 31.739 256.143 41.380
201909 32.677 256.759 42.501
201912 33.281 256.974 43.251
202003 32.662 258.115 42.258
202006 33.591 257.797 43.514
202009 34.086 260.280 43.734
202012 34.253 260.474 43.916
202103 34.597 264.877 43.619
202106 35.153 271.696 43.208
202109 35.779 274.310 43.558
202112 36.356 278.802 43.548
202203 44.318 287.504 51.478
202206 43.818 296.311 49.384
202209 43.318 296.808 48.739
202212 44.666 296.797 50.258
202303 45.849 301.836 50.727
202306 46.149 305.109 50.512
202309 46.004 307.789 49.914
202312 48.866 306.746 53.200
202403 49.074 312.332 52.471
202406 49.739 314.175 52.870
202409 51.999 315.301 55.075
202412 51.632 315.605 54.634
202503 52.909 319.799 55.251
202506 54.186 322.561 56.100
202509 55.690 324.800 57.259
202512 57.118 324.054 58.863
202603 57.326 330.213 57.975
202606 58.486 333.952 58.486

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

Is Webster Financial (WBS) Overvalued in 2026?

Based on GuruFocus' analysis, Webster Financial stock appears to be overvalued. The current stock price of $76.24 is trading 32.4% above its estimated GF Value™ of $57.60. GuruFocus considers Webster Financial to be Significantly Overvalued.

Key valuation signals for WBS:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $57.60 vs. price of $76.24 (32.4% above fair value)
  • GF Score™: 77/100 with 8 warning signs

No single metric tells the full story. See the WBS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Webster Financial Business Description

Other Exchanges WBSpF.PFD:USAWED:Germany
Address 200 Elm Street, Stamford, CT, USA, 06902
Webster Financial Corp is a full-service provider of financial services, offering commercial and consumer banking, mortgages, and investment advisory along with trust and wealth management services in Connecticut, New York, Rhode Island, Massachusetts, and Pennsylvania. The company's segment includes Commercial Banking, HSA Bank, and Consumer Banking. It generates maximum revenue from the Commercial Banking segment.
77GF Score

Get the complete analysis for WBS

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$76.24
Price
$57.60
GF Value